Reminder: Inauguration day is a payroll holiday
Friday, January 20, 2017, is a legal holiday for federal tax purposes (Code Sec. 7503) and that means an extended deadline for payroll tax deposits. Under the tax law, if the last day for performing...
View ArticleIRS issues guidance on certified professional employer status
The IRS has released guidance describing the procedures a certified professional employer organization (CPEO) must follow and the requirements it must satisfy to maintain its certification. The...
View ArticleRegs issued on withholding of tax on U.S. source payments
The Treasury and IRS have issued regulations on the withholding of tax on U.S. source income paid to foreign persons (Chapter 3- Code Secs. 1441 and 1461), information reporting (Chapter 61-Code Secs....
View ArticleNew York launches multi-agency unit to police minimum wage rules
New York Governor Andrew M. Cuomo announced that a 200-member multi-agency Minimum Wage Enforcement and Outreach Unit has been launched to ensure that all minimum wage workers are paid the proper...
View ArticleRhode Island releases information for reporting W-2s electronically
Rhode Island releases form for Reporting W-2 Info on electronic media and the W-2 electronic filing requirements. (Rhode Island Division of Taxation, W-2 Electronic Filing Requirements, Revised...
View ArticleJanuary per diems issued for foreign areas
The U.S. State Department has released the maximum travel per diem allowances for travel in foreign areas. The rates, which are reproduced in this report at ¶798 and ¶799, apply to all U.S. government...
View ArticleEvidence points to willful failure to pay employment taxes
There was sufficient evidence to convict a highly skilled tax attorney and sophisticated businessman of willful failure to pay over withheld employment taxes. The evidence at trial fairly established...
View ArticleCO employers/payers reminded to submit timely W-2s, 1099s
The Colorado Department of Revenue is reminding state employers and payers to submit wage and income statements (W-2s and/or 1099s) containing Colorado tax withholding to the Colorado Department of...
View ArticleIllinois taxpayers required to file quarterly returns in 2017
The Illinois Department of Revenue (IDOR) announced in a press release that all taxpayers are required to file quarterly personal income withholding tax returns and report detailed payroll data...
View ArticleMaine clarifies 2017 withholding calculations
Maine Revenue Services (MRS) addressed questions from employers regarding the calculation of 2017 Maine income tax withholding. The income threshold at which Maine withholding begins, and the amount...
View ArticleMinnesota enacts Code conformity law
Minnesota Gov. Mark Dayton has signed legislation retroactively conforming the state’s corporate franchise and personal income tax to most federal changes enacted since December 31, 2014, for tax year...
View ArticleNorth Dakota discusses due dates, extensions
The North Dakota State Tax Commissioner’s Office has issued a corporate and personal income tax newsletter discussing a number of topics, including the effect of federal extended due date changes....
View ArticleIRS requests comments on EFTPS for reporting agents
The IRS is soliciting comments concerning Revenue Procedure 98-32 , Electronic Federal Tax Payment System (EFTPS) Programs for Reporting Agents. This revenue procedure provides information about the...
View ArticleGeorgia announces 2017 interest rate
The Georgia Department of Revenue has announced that for calendar year 2017, the interest rate applicable to past due taxes and interest-bearing refunds is 6.75%, accruing monthly. Interest-bearing...
View ArticleOregon interest rates increased for 2017
For taxes it administers, the Oregon Department of Revenue (DOR) has announced that the interest rate on delinquent state tax payments and overdue refunds to taxpayers will increase to 5% (formerly,...
View ArticleTax cuts predicted; regulatory freeze issued, ACA action taken
President Trump, while maintaining a focus on tax reform, has signed one executive order and three presidential memorandums since being sworn into office on January 20. Trump’s executive order...
View ArticleCalifornia provides relief to taxpayers affected by winter storms
Employers in Alameda, Alpine, Butte, Calaveras, Contra Costa, Del Notre, El Dorado, Fresno, Humboldt, Inyo, Kern, Kings, Lake, Lassen, Los Angeles, Madera, Marin, Mendocino, Merced, Modoc, Monterey,...
View ArticleMontana issues withholding, filing reminders
The latest Montana Tax News You Can Use reminds income tax practitioners and taxpayer that the Montana Department of Revenue (DOR) no longer accepts Forms W-2 and 1099 with masked identification...
View ArticleNY releases model templates for use of paycards, direct deposit
In connection with the adoption of regulations governing the Methods of Payment of Wages (see Payroll Management Guide Newsletter No. 1476, dated September 13, 2016), the New York Department of Labor...
View ArticlePresident Trump begins ACA repeal with executive order
One of President Donald Trump’s first official acts was signing an executive order (EO), in essence beginning the repeal of the Affordable Care Act (ACA) (P.L. 111-148) on January 20, 2017. It further...
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